New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-25
OLOsIN0 PRICES OF PHILADELPHIA STOOK&
CLOSING PRICES OF CALIFORNIA STOCKS
SAN FRANCISCO, May "a. 1881

TUESDAY May 24-P "
The first reports Of railway earnings received Tor the
third week OF May make as favorobe comparisons win
the corresponding periods of preceding years as earlier
REPORTS have done and the tangs Of reports for the sec
ond week are equally favorable with the earlier reports
The quarterly statement OF the Newiork and New-Eng
land Company made to the NowYork State Commission
ers is not favorable exhibit and does not reflect crodt
upon the new management AS compared with tho same
quarter OF 1856 the increase in operating expenses
sl2 greater than the increase in gross earnings and
in that respect the comparison is remarkably ercep-
topa TO the general exhibits made by the railroads OF
the country The seemingly favorable comparison Tor
the six months Of the cOmpanys fiscal year. which shows
n surplus for the last six months or S995o3 against
deficit OF S3s337 for the same six months OF the
preceding year. due entirely 10 the fact that until after
the expiration OF the first quarter OF last year the floating
debt was not paid from the proceeds of the issue OF
ferred stock and hence the frs. charges Of the quarter
ended December 81 1885, OF si5j20 against s3O2 4O2
for the first quarter OF the current year.
The stock speculation to-day continued fevcrsh and I'M
settled but with here and there exception material
additional declines were recorded at any time during the
day. and the market generally ruled higher aud closed
higher than last evenings final quotations New York
and New England, at which special drive was made.
sold 70 lower than yesterday and closed u lower and
Fort Worth and Denver declined 1io per cent
and closed without a rally. Chicago and North
western was selected as an influential stock
for depression ana IL ny
dull in the coal stocks The stock sold down TO
l24 against last evening, and 1t closed at l2ias
Some stop orders at 10 in Missouracdc were dscov
cred and its price driven down TO lO92 the stock
on stop orders scooped in at 10 and below and
the price afterward was 1l0l2 Western Union was
another stock which closed Il lower than it did last night
The alleged ratecuttng at the West less effective in
the market to-day than yesterday. but drouhs
and material damage growing winter wheat and the
recently sown spring wheat worked instead.
Moore Il scheY in response TO inquiry from their
Chicago espondents as 10 how much or
how little there was In tho talk
about damage being done 20 the crops
received tho following reply: 1--WE have spent good
deal OF time in getting reliable Information regarding
condition and prospects OF the growing crops and the
facts are that there foundation for crop
beyond reports sent out by the crowd who are run
ming corner In wheat From the best sources OF inior
maon learn that the condition OF both the spring
and the Is all that could 10 desired
and the prospects for big The only scare
Is in Wall Street IL doesn't exist here nor Ia the country
where crops This atclnentis confirmed IRON Other
trustworthy entirely disconnected with all stock
operations far the surface Indications or tOdays
market reveal anything they show disposition on the
part of yestcrays sellers OF stocks 20 rcpurchasc but
as has been during tho last three months the
marking of prices down or per cent has iaedto bring
any additional stocks market Duness usual, fol
lowed this character OF manipulation and people arc
waiting 10 what extent the decline may he forced
but thew do not follow it by sales The market closed
dull and firm.
An unusual amount OF business In Government bonds
was done at the and good business Is reported at
the offices OF large dealers. The market was firm
The closing quotations are as follows: